-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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What’s demanded is probably impossible to legally impose, without ensuing lawsuits for impinging upon property owner rights.
Obama Center will NOT be the huge draw in residential real estate market, and have no discernible impact upon surrounding area’s housing market prices. Valerie Jarrett’s not moving into neighborhood, nor are her cohorts. No risk of neighborhood becoming the next Lincoln Park, or even Uptown, housing market. Get real.
Move out and your guilty of White-Flight, move in and your guilty of Gentrification. Seems to me the game is rigged?
One would think the Community Benefits Agreement (CBA) would be #1 priority for CTU/Brandon & his progressive crew??? There must be a hidden behind the scenes story why CBA isn’t even being called for a vote??, mighty suspicious……hmmm, could it be all the players trying to “cash-in on Obama” who claim to be progressives but in reality dream of maken $big bucks$ in realeste around Obama cent and aint got no time for no low rent Black folks…..EQUITY!!!